Mpac Group (LON:MPAC) Trading Up 0.2% – Here’s Why

Mpac Group plc (LON:MPAC) was up 0.2% on Monday . The stock traded as high as GBX 295 and last traded at GBX 290.50. Approximately 86,731 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 68,967 shares. The stock had previously closed at GBX 290.

Mpac Group Trading Up 0.2%

The business’s 50 day simple moving average is GBX 340.80 and its 200-day simple moving average is GBX 324.54. The company has a debt-to-equity ratio of 85.14, a current ratio of 0.74 and a quick ratio of 1.12. The stock has a market capitalization of £87.36 million, a P/E ratio of -6.46, a PEG ratio of 2.04 and a beta of 0.23.

Insider Activity

In related news, insider Simon Kesterton purchased 2,700 shares of Mpac Group stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of GBX 374 per share, for a total transaction of £10,098. 2.89% of the stock is owned by corporate insiders.

Mpac Group Company Profile

Mpac (AIM: MPAC) is a global leader in engineering and technology, designing, precision engineering, manufacturing, and supporting high-speed packaging equipment and solutions.

Mpac serves 80 countries across four key regions around the world including the Americas, EMEA, and APAC. The Company operates in the attractive growth markets of Food & Beverage, and Healthcare. These targeted markets boast significant growth opportunities.

Through its six core product lines – BCA, Lambert, Langen, Switchback, CSi and SIGA Vision – the Company provides Original Equipment and Services for automated high-speed packaging, from assembly of products through to case packing and palletising.